Proposed Works - Releasing Funds

Proposed Works - Releasing Funds

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This article is part of the Proposed Works section.
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When you have received all, or most, of the payments for a Proposed Work you will want to release the funds to either the Hold File, the Charge File or the Transaction File so that they are available when an invoice is received from the contractor for the work. 

Notes
You can configure where funds are released to with the "Prop Works Release Target" System Setting.

To release funds:
  1. Open your Proposed Work from the main Proposed Works tab, or from the Proposed Works tab inside the Development.

  2. Click the Release Money button on the General tab.



  3. A pop-up will ask you to confirm if you want to release the money for the Proposed Work. Click Yes to continue.



  4. A second pop-up will ask you to select a transaction date for release. Choose a date, and click Submit.



  5. A confirmation message will appear and you will be provided with a batch number. Click OK to close.



  6. You can repeat this process if you wish to release further funds at a later date.
Alert
If you release funds in error, you cannot reverse this with the Reverse Batches tool. Please contact CPL Support for assistance.

Once you have released funds, you can instruct your contractor to proceed with the job.

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